Money is no object: Money, cryptocurrency, fiction

【Author】 Haynes, Paul

【Source】MARKETING THEORY

【影响因子】3.476

【Abstract】Georg Simmel depicts money as an evolving entity that will continue to evolve to a state of 'perfect money' disconnected from any external guarantor of value. This article examines some of the different approaches to substantial value underpinning money, suggesting that they represent different types of fictional underwriting. Money is then contrasted with cryptocurrency, suggesting that their respective value is not only derived from different fictions but from different standards of value as major and minor currency. This analysis suggests that far from evolving into a fully abstract and functional instrument for creating stable social relationships, the divergence in currencies and currency fictions is a force for overturning such 'expedient' stability.

【Keywords】Money; Deleuze and Guattari; cryptocurrency; bitcoin; fiction; minor currency

【发表时间】

【收录时间】2022-11-17

【文献类型】观点阐述

【主题类别】

区块链应用-虚拟经济-金融领域